REG - Corero Network Sec. - Significant Contract Win <Origin Href="QuoteRef">CNSP.L</Origin>

Corero Network SecurityAnnouncement

14/12/2017 07:05

RNS Number : 2950Z
Corero Network Security PLC
14 December 2017
14 December 2017
Corero Network Security plc
("Corero" or the "Company")
Corero Network Security Selected to Power New Cyber Security Service to be Launched by Leading Internet Service Provider 
Corero Network Security plc (AIM: CNS), the AIM listed network security company, is pleased to announce that its SmartWall Threat Defense System ("SmartWall") technology has been selected to power a new 'DDoS Mitigation' service which is being launched by a leading North American regional Internet service provider ("the Provider"). 
This $300,000 competitor displacement order follows a successful proof-of-concept trial which saw the advanced capabilities of the SmartWall solution recognised in comparison to the Provider's existing technology provider. 
The Corero SmartWall solution mitigates DDoS attacks in real-time, unlike many of its competitors which can take up to 20 minutes or more to detect and successfully defeat an attack. 
The Provider's 'DDoS Mitigation' security service will protect its customers from malicious DDoS traffic launched from across the Internet, further supporting the Provider's initiatives for competitive differentiation and customer satisfaction.
The Provider will use a range of Corero SmartWall products as well as:
 SecureWatch services (one year contract) - provides customers with support and maintenance of the SmartWall software and access to DDoS attack forensics and analytics, and
 Corero Service Portal - a portal which enables providers to onboard customers, assign DDoS protection service levels and view attack dashboards for each customer to whom the service is provided. Protected customers can login to their own view, to access traffic and DDoS attack reporting and analytics, and understand the value of the DDoS protection they are receiving. 
SmartWall enables providers to expand their suite of services andincrease per customer service revenues. 
Andrew Lloyd, Corero President and EVP Sales and Marketing, said:
"This customer win reinforces our claim that SmartWall is the leading real-time DDoS mitigation solution. The order is also another example of SmartWall being deployed at a provider whose core network is built on Juniper Networks routing and switching network technology. We are also particularly pleased to be working with a service provider who, like Corero, prides itself on customer delight."
Enquiries:
Corero Network Security plc

Andrew Miller, CFO
Tel: 01895 876 382


Cenkos Securities plc
Tel: 020 7397 8900
Mark Connelly/Bobbie Hilliam - NOMAD
Michael Johnson - Corporate Broking



Redleaf Communications
Tel: 020 7382 4747
Elisabeth Cowell/Robin Tozer/Ian Silvera
cns@redleafpr.com

About Corero Network Security
Corero Network Security is the leader in real-time, high-performance DDoS defense solutions. Service providers, hosting providers and digital enterprises rely on Corero's award winning technology to eliminate the DDoS threat to their environment through automatic attack detection and mitigation, coupled with complete network visibility, analytics and reporting. This industry leading technology provides cost effective, scalable protection capabilities against DDoS attacks in the most complex environments while enabling a more cost effective economic model than previously available. For more information, visitwww.corero.com

This information is provided by RNS
The company news service from the London Stock Exchange
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